What is the difference between “Pre-Order”, “Crowdfunding” and “Press Only”?
Here are the key differences between a pre-order, crowdfunding and press only project.
- Crowdfunding :
A crowdfunding project can be started without any upfront manufacturing fees and must reach its goal amount of pledges in order for the vinyl to get pressed. If your project doesn't reach its goal, backers do not get charged and the vinyl will not be pressed.
- Pre-Order :
Press & Sell projects have the option of creating a pre-order period before retail sales. The benefit of a pre-order period is that you will be able to collect pre-orders from customers through your Qrates project while the vinyl is being pressed. Unlike crowdfunding projects, customers who order from a Press & Sell project are guaranteed a record as it does not have a pledge goal amount to reach. Press & Sell projects require upfront payment in order to start the vinyl pressing process.
- Press Only :
With press only projects, you can order your vinyl pressing without publishing a crowdfunding or press & sell project on Qrates. Additionally, you can decide whether to have your records shipped to 1 address or to multiple.
To create a new project, either click "Start a project" in the header section of our top page, or log into your Qrates artist dashboard, and click the green "Start a new project" button.